Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Yakutia to Receive RUB 18 Bln Following Sale of Federal share in ALROSA

04 february 2014

Afanasiy Egorov, Head of press service at the administration of President and government of Republic Sakha (Yakutia), stated that the federal share of proceeds following the sale of ALROSA’s shares will be transferred to Yakutia, reported.
Afanasiy Egorov noted that the relevant issue has been already resolved in principle with some technical aspects remaining under discussion concerning methods of remitting the funds to Yakutia.
Among the proposed options there are inclusion of the funds into new edition of the Program on Development of Far East region as well as allocation of funds through Fund of Promotion of Housing Modernisation, Rossijskaya Gazeta reported. The final decision is likely to be brought after the Olympic Games in Sochi.
A total of 16% shares in ALROSA were disposed in Autumn 2013 within the scope of IPO at the Moscow Stock Exchange. Each of the government of Russia and Yakutia put for sale 7% shares in ALROSA with another 2% share was disposed by the company itself. Republic Yakutia had previously received RUB 18 billion worth of proceeds with the same amount is now awaited.